Trump says Iran war "close to over" amid hopes for more negotiations
Globalstar (NASDAQ:GSAT) VP & Chief Financial Officer Rebecca Clary sold 4,037 shares of company stock on April 15, 2026, for approximately $322,354. The shares were sold in multiple transactions at prices ranging from $79.71 to $80.08.
On April 14, 2026, Clary also acquired 9,524 shares of Globalstar’s Voting Common Stock with a value of $0, upon the vesting of a performance share award granted on March 27, 2025.
Following these transactions, Clary directly owns 115,741 shares of Globalstar. InvestingPro analysis indicates the stock is currently overvalued relative to its Fair Value, placing it among the most overvalued equities. Investors seeking deeper insights can access a comprehensive Pro Research Report on GSAT, available for this and 1,400+ other US stocks.
In other recent news, Globalstar Inc. reported its fourth-quarter 2025 earnings, showing an earnings per share of -$0.11, which fell short of the forecasted -$0.0005. However, the company exceeded revenue expectations with $71.96 million, surpassing the anticipated $69.03 million, representing a 4.24% surprise. Additionally, Globalstar is reportedly in advanced acquisition talks with Amazon, as highlighted by both Bloomberg and the Financial Times. This potential deal is said to bolster Amazon’s ambitions in developing its own satellite operations, potentially competing with SpaceX’s Starlink service. In related developments, Craig-Hallum raised its price target for Globalstar from $60 to $70, maintaining a Buy rating on the stock. This adjustment follows Globalstar’s progress in transitioning from proof-of-concept to active government sector projects through Parsons. These developments reflect a period of significant activity and interest surrounding Globalstar.
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